Warburg Pincus raises $2b fund

Private equity firm Warburg Pincus LLC said on Thursday that it has raised a $2 billion fund especially for investing in China.

The Warburg Pincus China fund closed its financing after six months and its limited partners include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net-worth individuals.

The fund is Warburg Pincus' first that is dedicated to China, and will invest in sectors including healthcare, consumer goods, energy, real estate, financial services and technology, said the company.